CALCULATOR CALCULATOR STANDARD VIEW PRINTER VERSION BACK BACK NEET NEXT Problem 2-05A a The following are financial statements of Cullumber Company. Cullumber Company Income Statement For the Year Ended December 31, 2022 Net sales $2,217,000 Cost of goods sold 1,014,500 Selling and administrative expenses 906,500 Interest expense 82.000 Income tax expense 68,000 Net income $ 146,000 $ 62,400 82,000 168,800 230,050 543,250 573,500 $ 1,116,750 Cullumber Company Balance Sheet December 31, 2022 Assets Current assets Cash Debt investments Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity. Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 160,000 45,000 205,000 174,695 379,695 352,000 385,055 737,055 $1,116,750 Additional information: The net cash provided by operating activities for 2022 was $190,000. The cash used for capital expenditures was 590,000. The cash used for dividends was $31,100. The weighted-average common shares outstanding during the year was 50,000 (a) Compute the following values and ratios for 2022. (We provide the results from 2021 for comparative purposes.) (Round Current Ratio and Earnings per share to 2 decimal places, e.g. 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9%. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Working capital. (2021: $160,500) Current ratio. (2021: 1.65:1) (iii) Free cash flow. (2021: $48,700) (iv) Debt to assets ratio. (2021: 3166) (v) Earnings per share. (2021: $3.15) (0) Working capital $ Current ratio Free cash flow $ (iv) Debt to assets ratio % Earnings per share